Non-ferrous metals poised to outshine gold, signals show
While gold has seen an impressive 43% return in the past year, signs from the US and other parts of the world suggest a shift to non-ferrous metals. With US
Japanese stocks rise as PM’s comment weakens Yen
The yen tumbled about 2% against the dollar Wednesday, its worst day since June 2022, after Shigeru Ishiba said the economy isn’t ready for another hike. The currency fluctuated near 146.50 per dollar Thursday, near its weakest level in a month.
Gold makes a new high of Rs 78,300 on safe-haven, festive demand
Kumar Jain, spokesperson of the India Bullion & Jewellers Association (IBJA) said, “Zaveri Bazaar is buzzing with activity as there is a surge in gold prices. The footfalls have increased by up to 20% on Wednesday compared to a week ago.”
Trade volumes in decline, likely to fall further with Sebi’s curbs
The average daily trading volume (ADTV) in the equity segment of both BSE and NSE combined dropped 21% in September to ₹1.30 lakh crore, compared to June’s turnover of ₹1.65 lakh crore per day. Between July and September, the benchmark Nifty, Nifty Midcap 150 and Nifty Smallcap 150 rallied between 7% and 7.5%.
Momentum funds with 4x rise in assets in a year a ‘long-term option’ for now
Assets under management of momentum-oriented equity mutual funds surged more than fourfold to ₹15,147 crore in August 2024, from ₹3,500 crore in September 2023, with investors allocating capital to a mix of active and passive momentum schemes. Rich investors also allocated money to momentum strategies in portfolio management schemes (PMS).
Iran-Israel clash may spill over to Dalal Street
Indian markets were closed on Wednesday. Elsewhere in Asia, South Korea declined 1.2% and Japan declined 2.2%. Taiwan rose 0.75% and Hong Kong jumped 6.2%, maintaining its newfound bullish momentum, driven by China’s stimulus package to revive its economy.
MPC may go for a cut in December if inflation concerns recede
Out of 12 economists ET spoke to, 9 said that it was likely that the MPC would begin to cut interest rates from December onwards. The remaining three respondents were broadly of the view that the MPC is likely to follow a course that is distinct from rate-setters in advanced economies and may wait for […]
D-Street investors richer by Rs 110.57 lakh crore so far in 2024 amid record-breaking rally in markets
The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones.
Wall Street opens lower as Middle East tensions make investors nervous
USA-STOCKS/ (URGENT)US STOCKS SNAPSHOT-Wall St opens lower as Middle East tensions make investors nervous
Axis Bank eyes AT-1 bond sale for up to Rs 3,000 crore in coming days
The private sector lender had raised the funds at a coupon rate of 7.45%, debt capital market executives had said. The bond issuance had a base size of Rs 2,000 crore and a greenshoe option of Rs 2,000 crore.